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RUSSIA: Oil and Gas Companies Increase Horizontal Drilling

RUSSIA
CEEMEAEM BulletRussiaBulletEmerging Market News
  • Russian oil and gas companies increased horizontal drilling by 9.5% in 2024, including 63% y/y in December, Kommersant report citing sources. Production drilling, meanwhile, remained flat. “Analysts” cited by the newspaper attribute this trend to further development of mature fields with falling reserves.
  • Brokers, the Moscow Exchange and the CBR are discussing the possibility of launching exchange trading on weekends, Kommersant report. According to “experts” who spoke to the newspaper, even for larger brokers the costs of personnel and technical support for trading on weekends are comparable to the potential commission fees.
  • Deputy Finance Minister Alexei Sazanov takes part in State Duma plenary session. There are no data releases scheduled for today, PPI figures for December are due tomorrow afternoon.
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  • Russian oil and gas companies increased horizontal drilling by 9.5% in 2024, including 63% y/y in December, Kommersant report citing sources. Production drilling, meanwhile, remained flat. “Analysts” cited by the newspaper attribute this trend to further development of mature fields with falling reserves.
  • Brokers, the Moscow Exchange and the CBR are discussing the possibility of launching exchange trading on weekends, Kommersant report. According to “experts” who spoke to the newspaper, even for larger brokers the costs of personnel and technical support for trading on weekends are comparable to the potential commission fees.
  • Deputy Finance Minister Alexei Sazanov takes part in State Duma plenary session. There are no data releases scheduled for today, PPI figures for December are due tomorrow afternoon.